What industrial action could cost you if you go on strike

Industrial action has been much in the news recently. So far in January we’ve had tube strikes and train strikes to contend with. And that’s before the year has even really got under way. Whether you agree with the companies or the strikers – or you’re just sick of both – there’s no doubt that strikes don’t really benefit the public. However, what few of us rarely consider is the cost of striking for the strikers. How much does a walk-out really cost the average worker and where does it impact the most? Cash cost The most obvious loss is salary. Going on strike is a breach of the terms of employment. So, for every day that you’re striking you’re not going to get paid. That includes any pay that is normally received, from a regular hourly rate through to overtime. Sick pay and holiday pay can’t be used to cover the loss of salary during a strike. Times are pretty tough at the moment and that kind of reduction of salary could have a pretty significant impact on the a
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